U.S. stocks edged lower on Thursday despite stronger-than-expected data on the labor market, with Wall Street coming off a sustained rally that took the S&P 500 to record closing highs for five straight sessions. Jobless claims unexpectedly fell in the latest week by 1,000 to 323,000, their lowest in more than five years. Analysts had expected claims to jump to 335,000.  Following are notable movers at mid day on Thursday:-

XOMA Corp. (NASDAQ:XOMA) shares gained 18.96% to $3.72. The company, on May 8, reported its operational highlights and financial results for the quarter ended March 31, 2013. The company reported total revenues of $9.5 million in the first quarter of 2013, compared with $9.9 million in the corresponding period of 2012. The company posted a net loss of $24.9 million (or $0.30 per share), compared with a net loss of $30.4 million, or $0.69 per share, for the quarter ended March 31, 2012.

Dendreon Corporation (NASDAQ:DNDN) shares decreased 15.19% to $4.03. The company on May 9 reported results for the first quarter ended March 31, 2013. Net product revenue for the quarter was $67.6 million compared to $82.0 million for the quarter ended March 31, 2012, down 17.6% year over year. Net loss in the first quarter of 2013 was $72.0 million, or $0.48 per share, compared to a net loss of $103.9 million, or $0.70 per share for the same period in 2012.

Orthofix International NV (NASDAQ:OFIX) stock dropped 16.11% to $26.85. OFIX’s stock was downgraded by equities researchers at Mizuho from a "buy" rating to a "neutral" rating in a report issued on May 9. They currently have a $28.00 target price on the stock, down from their previous target price of $45.00.

Additionally, the company issued its quarterly earnings data on May 8. The company reported $0.23 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.66 by $0.43. The company had revenue of $100.30 million for the quarter, compared to the consensus estimate of $111.22 million.

Support.com, Inc. (NASDAQ:SPRT) shares fell 2.17% to $4.06 in the early hour. The company on May 1 announced its earnings results. The company reported $0.06 earnings per share for the quarter, beating the analysts' consensus estimate of $0.05 by $0.01. The company posted revenue of $20.20 million for the quarter, compared to the consensus estimate of $19.86 million. During the same quarter last year, the company posted ($0.06) earnings per share. The company's revenue for the quarter was up 14.8% on a year-over-year basis.

Additionally, the company will participate in the panel session, Extending the Customer Relationship through Tech Support, at CONNECTIONS(TM): The Premier Connected Home Conference at CTIA 2013(TM) on Wednesday, May 22 at 11:15am PT (2:15pm ET). Presenting for Support.com is James Morehead, Vice President, Product Management and Corporate Marketing.

OraSure Technologies, Inc. (NASDAQ:OSUR) shares gained 0.63% to $4.81 in the morning hour. The company on May 8 announced its consolidated financial results for the first quarter of 2013. Consolidated net revenues were $21.2 million for the first quarter of 2013, a 1% increase from the comparable quarter of 2012. Consolidated net loss for the first quarter of 2013 was $10.2 million, or $0.18 per share, which compares to a net loss of $3.3 million, or $0.07 per share, for the first quarter of 2012.

"Featured Content" profiles are meant to provide awareness of these companies to investors in the small-cap and growth equity community and should not in any way come across as a recommendation to buy, sell or hold these securities. BiomedReports is not paid or compensated by newswires to disseminate or report news and developments about publicly traded companies, but may from time to time receive compensation for advertising, data, analytics and investor relation services from various entities and firms. Full disclosures should be read in the 'About Us Section'.

---

Add this page to your favorite Social Bookmarking websites